Noun: to describe a child that is defiant towards authority; usually in a situation that the child is aware of a rule but continues to be negligent or "forgetful".
In expletive form: to release, and or solidify frustration of children fitting the description of a squid.

Noun: How many times has Timmy broken that rule? Man, what a squid!, or,Quit being a squid and follow the rules.
Expletive form:
why won't these kids listen?.....(sigh) Squids!

a easy girl who travels in packs with other easy girls and is always wet*(like a squid*). the could also be a derogatory term that refers to a girl that gives good blow jobs and *hand jobs*(almost is if she had 8* arms)

*arrives at random party with bros*
"yo, look at all these squids. Im about to get loose bro!"
(used as a way do describe potential partners)

*spots a drunken hot girl*
"Yo, im about to hop down on this squid. wish me luck"
(used as a name replacer for his target)

*approaches drunken hot girl*
"damn, squid you got a PHAT BOOTY"
(used as a way to get her attention)

*gets rejected by drunken hot girl*
"man...FORGET you! you aint nothin but a SQUID!!!"
(used as a deragatory term)